For those not obsessed with Snowden, Zimmerman, the Immigration bill, the Ag Bill
or the 2014 election, I thought I would mention something interesting.
The city of Palo Alto is signing long term Solar PV contract prices for power at 7 cents/KWH.
Now the national average price for electricity is usually 12 cents/KWH and in california it's
averaging 15 cents/KWH.
Let's get into the details after the jump....
The City of Palo Alto has approved a long term solar energy purchase that will provide 18% of its electricity at the very low price of 6.9 cents per kilowatt hour!lets get this straight.
Its municipal utility will buy 80 megawatts (MW) of solar from several solar plants under a 30-year power purchase agreement.
The price is competitive with natural gas and wind and cheaper than they could get from a new nuclear or coal plant.
The city will buy the electricity from three solar plants, all sited on distressed agricultural land and all coming online in 2017.
When that happens, Palo Alto will get a full 50% of its energy from renewables.
Read more at http://www.solarfeeds.com/...
Palo Alto is buying half the electricity the city needs, on a long term power purchase
agreement, cheaper then coal, nuclear and competitive with gas.
This is a very interesting change of status and we should be seeing in a few years,
most large organizations switching to Solar for cheap power.